Crane has budgeted its activity for December according to the following information: 1. Sales at $490000, all for cash. 2. Budgeted depreciation for December is $12000. 3. The cash balance at December 1 was $56000. 4. Selling and administrative expenses are budgeted at $34000 for December and are paid for in cash. 5. The planned merchandise inventory on December 31 and December 1 is $24000. 6. The invoice cost for merchandise purchases represents 50% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December?

$291000

$279000

$267000

$496000